Waterstone Financial (WSBF)
NASDAQ:WSBF
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Waterstone Financial
(NASDAQ:WSBF)
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Rating:60Neutral
Price Target:
$19.00
â–²(11.63% Upside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak and volatile cash generation (negative TTM operating and free cash flow) despite improved profitability and somewhat better leverage. Technicals are mildly positive with price above key moving averages but neutral momentum indicators. Valuation is supportive (P/E ~13.1 and ~3.40% dividend yield), and the expanded buyback authorization provides an additional, modest positive.
Positive Factors
Profitability Rebound
Sustained improvement in margins and TTM net income indicates the business is generating healthier core earnings from lending and fee businesses. Stronger operating profitability improves internal capital generation and buffers losses, supporting lending capacity and long-term franchise stability.
Negative Factors
Negative Operating Cash Flow
Negative and volatile operating and free cash flow despite positive accounting earnings signals weak cash conversion from core activities. This constrains funding for loan growth, buybacks, dividends and increases reliance on deposits or wholesale funding over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Rebound
Sustained improvement in margins and TTM net income indicates the business is generating healthier core earnings from lending and fee businesses. Stronger operating profitability improves internal capital generation and buffers losses, supporting lending capacity and long-term franchise stability.
Read all positive factors
Waterstone Financial (WSBF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$330.91M
Dividend Yield3.59%
Average Volume (3M)44.40K
Price to Earnings (P/E)13.1
Beta (1Y)0.57
Revenue Growth3.42%
EPS Growth63.88%
CountryUS
Employees600
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.66
Shares Outstanding18,053,082
10 Day Avg. Volume62,806
30 Day Avg. Volume44,399
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.84
Price to Sales (P/S)1.46
P/FCF Ratio16.53
Enterprise Value/Market Cap2.13
Enterprise Value/Revenue3.41
Enterprise Value/Gross Profit4.71
Enterprise Value/Ebitda19.37
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Waterstone Financial Business Overview & Revenue Model
Company Description
Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates in two segments, Community Banking and Mortgage B...
How the Company Makes Money
Waterstone Financial primarily makes money through its banking subsidiary by earning net interest income and generating noninterest income. Net interest income is driven by interest and fees collected on loans (notably residential mortgage and oth...
Waterstone Financial Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
56
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 206.92M | 201.61M | 199.38M | 176.97M | 171.06M | 268.47M |
| Gross Profit | 149.74M | 143.63M | 132.55M | 127.32M | 156.80M | 258.09M |
| EBITDA | 36.41M | 33.45M | 26.48M | 14.33M | 28.51M | 98.16M |
| Net Income | 29.36M | 26.40M | 18.69M | 9.38M | 19.49M | 70.79M |
Balance Sheet | ||||||
| Total Assets | 2.25B | 2.26B | 2.21B | 2.21B | 2.03B | 2.22B |
| Cash, Cash Equivalents and Short-Term Investments | 38.76M | 234.22M | 191.24M | 235.84M | 232.55M | 541.76M |
| Total Debt | 413.03M | 412.26M | 446.52M | 466.05M | 386.78M | 477.13M |
| Total Liabilities | 1.90B | 1.91B | 1.87B | 1.87B | 1.66B | 1.78B |
| Stockholders Equity | 348.21M | 349.39M | 339.13M | 344.06M | 370.49M | 432.77M |
Cash Flow | ||||||
| Free Cash Flow | -5.10M | 17.86M | 46.96M | -28.28M | 205.96M | 141.23M |
| Operating Cash Flow | -3.21M | 19.02M | 48.06M | -27.58M | 206.66M | 142.01M |
| Investing Cash Flow | -41.55M | -3.58M | -23.96M | -159.22M | -335.74M | 160.06M |
| Financing Cash Flow | 46.12M | 15.91M | -20.76M | 176.58M | -201.00M | -20.12M |
Waterstone Financial Technical Analysis
Positive
17.02
Price Trends
18.15
Positive
17.82
Positive
16.40
Positive
Market Momentum
0.06
Negative
51.82
Neutral
68.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WSBF, the sentiment is Positive. The current price of 17.02 is below the 20-day moving average (MA) of 18.24, below the 50-day MA of 18.15, and above the 200-day MA of 16.40, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 51.82 is Neutral, neither overbought nor oversold. The STOCH value of 68.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WSBF.
Waterstone Financial Risk Analysis
Waterstone Financial disclosed 46 risk factors in its most recent earnings report. Waterstone Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Waterstone Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $349.32M | 7.46 | 10.43% | 3.57% | 8.84% | 43.25% | |
76 Outperform | $366.94M | 8.73 | 13.34% | 2.63% | 21.59% | -4.49% | |
75 Outperform | $305.59M | 7.07 | 11.89% | 3.38% | 3.42% | 38.40% | |
72 Outperform | $304.00M | 9.26 | 10.88% | 3.17% | 5.91% | -1.54% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $322.26M | 8.65 | 13.08% | 5.24% | 5.29% | 28.67% | |
60 Neutral | $330.91M | 13.06 | 8.48% | 3.59% | 3.42% | 63.88% |
* Financial Sector Average
WSBF
Waterstone Financial
18.33
6.19
51.03%
FNLC
First Bancorp
28.58
6.17
27.51%
PLBC
Plumas Bancorp
52.66
10.11
23.77%
FSBW
FS Bancorp
41.00
3.66
9.81%
CZFS
Citizens Financial Services
63.60
7.01
12.38%
PCB
PCB Bancorp
24.54
5.76
30.66%
Waterstone Financial Corporate Events
Executive/Board ChangesShareholder Meetings
Waterstone Shareholders Affirm Directors, Auditor and Pay Practices
Positive
May 19, 2026
At its 2026 Annual Meeting of Shareholders held on May 19, 2026, Waterstone Financial investors elected three directors—Stephen Schmidt, Derek Tyus and Molly Mulroy—to serve terms through 2029, affirming the company’s existing go...
Business Operations and StrategyStock Buyback
Waterstone Financial Expands Share Repurchase Authorization Program
Positive
Apr 27, 2026
On April 27, 2026, Waterstone Financial, Inc. announced that its board of directors had authorized the repurchase of up to an additional 2,000,000 shares of common stock under its existing buyback program. Following this decision, the company now ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.